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Suppose that, in a perfectly competitive market at the profi

Paper help Economics Suppose that, in a perfectly competitive market at the profi

Economics

Suppose that, in a perfectly competitive market at the profi

Suppose that, in a perfectly competitive market at the profit maximizing quantity, the market price… Show more Suppose that, in a perfectly competitive market at the profit maximizing quantity, the market price is greater than average total cost. Carefully explain what will happen to the number of firms, the market supply and the price of the good as we move from the short run to the long run. • Show less

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